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Stuck housing projects: UP Cabinet approves recommendations of Amitabh Kant committee

The recommendations comprise a slew of relaxations for developers, including a zero-period to waive interest and penalties imposed for financial default, officials aware of the matter said ....

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Construction activities resume in Delhi-NCR as Centre revokes GRAP-III restrictions

GRAP-III was imposed on November 2, which restricted construction and demolition activities in Delhi and the larger National Capital Region. The order to revoke ban was issued on November 28. ....

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Siphoning home buyers' money: 1,700 buyers did not get flats, plots despite paying IREO, ED finds

Due to buy-back and transfer of customer receipts to overseas companies, the Indian operating companies became short of funds and few became insolvent: ED ....

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Delhi High Court dismisses pleas by 123 Supertech homebuyers claiming that EMIs were disbursed sans possession of flats

The Court dismissed the pleas on the grounds that the homebuyers had alternative remedies, and that the facts of the cases were purely contractual in nature. ....

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